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trapecia [35]
3 years ago
7

Before you started applying for college, a job recruiter offered you a full-time cashier position at a department store, earning

an after-tax salary of $24,000 per year. However, you turn down this offer and attend your first year of college. The additional monetary cost of college to you, including tuition, supplies, and additional housing expenses, is $38,000.You decide to go to college, probably because:_______
Business
1 answer:
anygoal [31]3 years ago
3 0

Answer:

Because as an individual or person i value a year of college at more than $62,000

Explanation:

Solution

Because a year of college at more than $62,000  is valuable or important to me.

It is important to know that the total opportunity cost of attending the first year of college is the total of the lost earning and additional monetary cost of college.

Since you expect that college education is going to give you a greater economic earnings then you are valuing college education in the first year more than $63,000 which is its opportunity cost .

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The Phillips family has a joint gross monthly income of $11,300. The $499 lease payment for their car expires in four months. A
Vladimir79 [104]

Answer:

24%

Explanation:

Calculation to determine their housing ratio

Using this formula

Housing ratio= Housing expenses / Gross monthly income

Let plug in the formula

Housing ratio= $2,700/ $11,300

Housing ratio= 24%

Therefore their housing ratio is 24%

8 0
3 years ago
Closing entries are required: Multiple Choice If management has decided to cease operating the business. Only if the company adh
vodomira [7]

Answer: So that Revenue, expense, and dividends accounts must begin each period with zero balances

Explanation:

8 0
3 years ago
In the state of Florida if you're convicted of reckless driving you'll be assessed how many points
Greeley [361]
In the state of FL you'll be assessed 4 points.
6 0
3 years ago
Read 2 more answers
A company using the perpetual inventory system purchased inventory worth $ 22 comma 000 on account with terms of 2​/10, ​n/30. D
EastWind [94]

Answer:

Discount = $420

Explanation:

Inventory purchased = $22000

Defective inventory = $ 1000

to find out

amount of the purchase discount that would be available to the company is​

solution

we know Inventory purchased = $22000

and return is $1000

so Net Purchases = $22000  - $1000

Net Purchases = $21000

so

discount claim for $21000  is 2%

Discount = 2% of $21000

Discount = $420

4 0
3 years ago
The JPY/AUD spot exchange rate is 82.42, the JPY interest rate is 0.15%, and the AUD interest rate is 4.95%. If the interest rat
defon

Answer:

The answer is B. -97.7.

Explanation:

As the question gives us the spot rate, the interest rates of two countries, We can apply the covered interest parity to calculate the 90-day forward exchange rate JPY/AUD from which 90-day forward points can be derived.

F = S x ( 1+ Rjpy) / ( 1+ Raud); in which Rjpy denoted as JPY interest rate ( 0.15% per annum) while Raud is AUD interest rate ( 4.95% per annum).

F = 82.42 x (1+ 0.15% x 90/360) / ( 1 + 4.95% x 90/360) = 81.443

=> The 90-day forward points is : 100 x ( F-S) = 100 x ( 81.443 - 82.42) = -97.7

3 0
3 years ago
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